Samsung Electronics posted record quarterly profit of
$5.15 billion, driven by sales of its smartphones and the
Galaxy Note 'phablet'.

According to the Korean company, the Galaxy Note has
sold more than 5 million since launching in October,
contributing to the company's earnings.

Samsung is also launch the new Galaxy S III flagship
smartphone this year, in an effort to put some pressure
to rival Apple and its next iPhone.

Besides the blooming smartphone sales, Samsung is also
expecting to benefit from Japan's Elpida Memory
bankruptcy, which customers may switch to Samsung and SK
hynix to secure supplies of memory chips used in
smartphones and laptops.